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US firms slow stock reductions

Business | Macro-economy and policy
2009-11-17

UNITED States businesses slashed inventories for a 13th consecutive month in September although the pace of reductions slowed from the previous month. The economic rebound is expected to remain tentative until businesses...

Retail sales in US higher than expected

Business | Retail
2009-11-17

SALES at retailers in the United States rose more than expected in October as consumers bought more motor vehicles and other goods, but the previous month's figures were revised sharply downward, a government report...

G8 mostly skips UN hunger summit, scepticism rife

World
2009-11-16

GOVERNMENT leaders and officials meet in Rome today for a three-day UN summit on how to fight global hunger, but anti-poverty campaigners are already writing off the event as a missed opportunity. With the world's...

Dollar 'carry trade' fuels worry

Business | Macro-economy and policy
2009-11-16

CHINA'S top bank regulator said yesterday the weakening United States dollar and low interest rates are spurring speculation in stocks and property, distorting global asset prices and threatening the global economic...

Sands to proceed on casinos in January

Business | Hotel and tourism
2009-11-16

UNITED States casino operator Las Vegas Sands Corp plans to resume work in January on its multibillion-dollar gambling resorts in Macau after suspending construction last year amid a massive funding crunch, the company...

Obama heads Forbes list of most powerful

World
2009-11-13

UNITED States President Barack Obama can add another accolade to his already long list of awards after being named the world's most powerful person in an inaugural ranking by Forbes magazine. Obama, whose popularity...

New US jobless benefit claims drop

Business | Jobs/human resources
2009-11-13

NEW claims for unemployment insurance in the United States fell more than expected last week, evidence the job market is slowly healing as the economy recovers. Still, many analysts worry the nation could be in...

Green light given for prime-time eco pushes

World
2009-11-12

UNITED States television network NBC will begin spreading pro-environmental messages across five of its prime-time entertainment programs. "30 Rock," with former Vice President Al Gore in a cameo role, leads the...

High jobless rate hovers over US

Business | Macro-economy and policy
2009-11-12

STUBBORNLY high joblessness threatens to trigger loan defaults and drag on consumption next year, hobbling a United States economy struggling to rebound from recession, World Bank President Robert Zoellick said yesterday. ...

Hasan probed before Fort Hood shooting but no action taken

World
2009-11-11

NEARLY a year before United States Army Major Nidal Hasan allegedly went on a shooting rampage at Fort Hood, terrorism investigators conducted an "assessment" of him before deciding he did not pose a threat. Now...